Arthur Hayes Reveals Best Buy Altcoins For May Month

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Crypto influencer and analyst well-known for his bold predictions and analysis, Arthur Hayes, the former CEO of BitMEX, is back again with his latest blog post titled “Mayday.” 

In “Mayday,” Arthur Hayes reveals his investment strategy for May, such as the cryptocurrencies he is planning to buy and the rationale behind his choices. Presently, the crypto market is starting to recover now post-Bitcoin halving, and at the moment, his strategy could provide valuable guidance for investors looking to navigate the evolving landscape.

“Buy in May and Go Away”

In “Mayday,” Hayes terms the recent crypto market downturn as “necessary cleansing.” Hayes believes that the crypto market slump which took place mid-April is a result of several factors, including U.S. tax season, uncertainty and speculations surrounding the Federal Reserve meeting decision in May, and the Bitcoin halving event. 

He notes that these events have caused Bitcoin’s price to face a correction of 12%. 

However, this dip is to be taken as an opportunity by committed investors to accumulate crypto reserve assets like Bitcoin and Ether and high-beta altcoins at lower prices than general. Hayes describes this phase as a “weeding out” of speculative traders, or “tourists,” from the crypto market. 

Arthur Hayes’ Cryptocurrency Picks for May

In “Mayday,” Hayes outlines his strategy for May ahead. Major assets like Bitcoin and Ether can show high resilience, Arthur suggests pointing BTC and ETH as suitable assets for long-term accumulation. 

However, Arthur has also shown interest in high-beta altcoins, specifically naming Solana (SOL), Dogwifhat (WIF), and Dogecoin (DOGE).

Hayes asserts that accumulating such important assets during market corrections can help investors yield significant returns when the market stabilizes and begins to climb. He describes his approach as “Buy in May and Go Away,” highlighting the potential gains from investing in crypto during the summer months.

In his X post, Arthur Hayes wrote: “Mayday is a brief discussion on the recent Fed, US Treasury, and bank bailout policies. It’s money printing disguised. As such, I’m re-entering the market with super shitty shitcoins.”

Cryptos to Buy

Undoubtedly, Hayes has planned to capitalize on the current market correction post-halving by increasing his exposure to selected altcoins now, and then selling them when the market stabilizes. 

For “momentum trading positions,” Arthur suggests trading Dogecoin and Solana. For long-term positions, he suggests readers to focus on Pendle (PENDLE), a token he believes has solid potential. 

Once his positions are established, the BitMEX co-founder suggests that he might adopt a more hands-off approach, waiting for the market to naturally react to the inflationary impact of recent U.S. monetary policies.

Hayes remains optimistic about the market stabilising and surging in the long run, even when short-term fluctuations continue to prevail. He predicts that the gradual injection of liquidity into the market will support a slow grind higher, leading to eventual bullish momentum.